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Landlords, you want raises?
Open your books big guys and little guys and show us what return you are making on your investment.
Hilltopjay,
Why don't you go first?
We are all ears.
It's not rocket science: annual profit/capitalization or how much you make each year/how much cash you put in?
Show us why you feel the City giving you an extra 3, 4 or 5% in rent rolls is killing you.
If you do not show us these numbers you expose yourself as a total, whining, greedy hypocrite.
In the good old days, before rent control and rent stabilization, landlords built buildings assuming they could charge what the market would bear. When their profits went up, they would build another building and then another and then another, thus increasing supply, and keeping market rents at a reasonable level. That's how it works just about everywhere else in the country. Take a ride down Queens Boulevard in Forest Hills to see what developers built in the free-market 1950's and 1960's.
But thanks to the prostitute politicians in New York City, there were little profits, no profits, or losses, so buildings were burned down, abandoned, or converted to coops, causing market rents to skyrocket (Kefir - when supply goes down and demand stays steady or rises, prices increase).
And congratulations to the landlords who are making great profits on their building and buildings, while providing tenants with excellent service. Wish I had your guts.
And it's nobody's business what the "return on his investment" is.
Landlords, you want raises?
Open your books big guys and little guys and show us what return you are making on your investment.
Hilltopjay,
Why don't you go first?
We are all ears.
It's not rocket science: annual profit/capitalization or how much you make each year/how much cash you put in?
Show us why you feel the City giving you an extra 3, 4 or 5% in rent rolls is killing you.
If you do not show us these numbers you expose yourself as a total, whining, greedy hypocrite.
You got it wrong KK. TENANTS need to open up their books or should I say, provide their income tax returns to prove to us OWNERS that they are WORTHY and genuinely need a below market rent apartment.
KK, you're a rich gay guy who formerly had I believe a rent control or rent stabilized apartment. Its quite obvious that YOU were paying dirt cheap rent for your crappy, non-renovated apartment YET you have money coming out your ass.
You didn't deserve that RC/RS apartment. You victimized real poor people who actually need a RS apartment by selfishly keeping the apartment to yourself and off the market for poor people who actually need it.
You got it wrong KK. TENANTS need to open up their books or should I say, provide their income tax returns to prove to us OWNERS that they are WORTHY and genuinely need a below market rent apartment.
KK, you're a rich gay guy who formerly had I believe a rent control or rent stabilized apartment. Its quite obvious that YOU were paying dirt cheap rent for your crappy, non-renovated apartment YET you have money coming out your ass.
You didn't deserve that RC/RS apartment. You victimized real poor people who actually need a RS apartment by selfishly keeping the apartment to yourself and off the market for poor people who actually need it.
You don't get a RC/RS based on your income, so KK did nothing wrong there. He was living in that apartment for a certain time and if he moved in before 1972, it was rent controlled. When those laws were set up, income was not a factor in setting up rent controlled or rent stabilization.
A tenant could become a millionaire and is perfectly entitled to keep their RC/RS apartment. Whenever that person moves out or dies the LL is free to upgrade the apartment and raise the rent. I doubt you have any rich people in your Bronx building, so people like KK are not issues for you.
You don't get a RC/RS based on your income, so KK did nothing wrong there. He was living in that apartment for a certain time and if he moved in before 1972, it was rent controlled. When those laws were set up, income was not a factor in setting up rent controlled or rent stabilization.
A tenant could become a millionaire and is perfectly entitled to keep their RC/RS apartment. Whenever that person moves out or dies the LL is free to upgrade the apartment and raise the rent. I doubt you have any rich people in your Bronx building, so people like KK are not issues for you.
But there lies the problem. ENTITLEMENT! The RS law is flawed. The RS should not even exist. 99% of the states in AMERICA operate in a FREE MARKET apartment rental environment.
So you mean to tell me the other states who operate in free market don't have poor people? Yet poor people there manage without having entitlement to property that isn't theirs.
Once again, Kefir proves that he has never hear of the word capitalism.
KK admits he's a socialist. He follows Marxism. He hates capitalism. He hates landlords with a passion and assumes all LLs are greedy, evil and ruthless. Someone such as KK with so much hate towards LLs must of royally been screwed by his previous LLs. The hate stems from somewhere.
What KK doesn't understand is price gouging in apartment rentals DOES NOT EXIST. Total propaganda by the uninformed left.
The MARKET dictates what the rent price will be, NOT landlords. In fact, I wish I could dictate rent prices and charge 10K for a one bedroom apartment in the Bronx so I can retire early but things don't work that way KK.
A little more than half my building has been deregulated due to high rent vacancy. And guess what KK? These deregulated apartments who are now free market apartments fetch the same rent as when they were Rent Stabilized.
There is no monetary gain for me as a landlord in the Bronx rental market in deregulating apartments. But KK will have you believe that Rent Stabilization is required so LLs don't "over charge" you for rent. So I ask you KK, if deregulation automatically means LLs can over charge tenants in rent, then why is it that my deregulated/free market apartments pay the same rent as rent stabilized apartments???
Why am I NOT charging 5K, 10K in rent for my free market apartment? It's free market right? Anything goes? So why haven't I jumped on the opportunity to raise rents significantly? I mean, afterall according to you landlords are greedy. So why not charge an inflated rent price because the apartment is deregulated?
A tenant could become a millionaire and is perfectly entitled to keep their RC/RS apartment. Whenever that person moves out or dies the LL is free to upgrade the apartment and raise the rent. I doubt you have any rich people in your Bronx building, so people like KK are not issues for you.
And herein lies the problem. A millionaire can keep his RC/RS apartment. The NYC politicians are such prostitutes.
Deregulation is based on something like two years of $250,000 incomes, and a rent in excess of $2,500. BS. It should also be based on your net worth. And if you own a second home worth over a certain amount, you're also out.
Nobody who posts on this forum would go ever tell their landlord, "hey I have a really good job, so you can deregulate me." Not even the landlords would do that if they not landlords and were renters themselves. So let's be honest here.
Would any of you tell the car salesman, "Naw, I prefer to pay sticker price..."
Some of you should not bother to purchase mirrors.
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
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